Dangers of a HODL’er: - page 4. | Bitcointalksearch.org

Ipwich

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Student Coin

Quote from: aervin11 on April 26, 2019, 08:49:48 AM

Quote from: playboy654 on April 26, 2019, 06:42:22 AM

I think one of the dangerous thing in cryptocurrency is holding because there are so much risk involved in your holding because it was not valuable then our work and giving time was absolutely waste so you need to be more free minded in this think then only if anything was happened you need to be get away from without any problem.

IMHO, you just hold a crypto that you think that has long term potential, either you earn or you lose it's value you must be ready for that before entering. As OP stated the dangers of a hodler, take into consideration not to do those things, this is not a financial advice but a worthy and humane one, take it from the HODLers

Danger or risk, it's the same, once we buy a coin and we hold it, the risk starts as we can loss our money too.
Our purpose is to make profit either short term or long term, but if we are confident with what we are holding, we will never get panic because we
know it has its time to rise. Investors who easily panic has no room for success here in crypto.

whirlcoin

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Quote from: Catswold on October 13, 2018, 11:39:31 PM

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing

If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

yes probably you are right and your all points are important if we hold our investment that must be both the chances of getting success and defeat if the time support us then it will be success otherwise it will not been in our hands.

aervin11

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Quote from: playboy654 on April 26, 2019, 06:42:22 AM

I think one of the dangerous thing in cryptocurrency is holding because there are so much risk involved in your holding because it was not valuable then our work and giving time was absolutely waste so you need to be more free minded in this think then only if anything was happened you need to be get away from without any problem.

IMHO, you just hold a crypto that you think that has long term potential, either you earn or you lose it's value you must be ready for that before entering. As OP stated the dangers of a hodler, take into consideration not to do those things, this is not a financial advice but a worthy and humane one, take it from the HODLers

bonker

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Quote from: LimLims on April 26, 2019, 03:05:43 AM

Yeah the reasons mentioned by you are quite reasonable.
I mean it's really will helpful for someone new in this field of trading.
These are major reasons for which most of the traders or the people who faces losses.
We should all be warned about those and IMO we should always listen to ourselves.
I mean it's always pur money so why to trust other persons.
All the members should be careful to not make these mistakes.

Sometimes we have to trust others as well because when we are holding huge amount of cryptos but we might died accidentally so who is going to access all those cryptos and give it to the welfare of your loved ones.

playboy654

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I think one of the dangerous thing in cryptocurrency is holding because there are so much risk involved in your holding because it was not valuable then our work and giving time was absolutely waste so you need to be more free minded in this think then only if anything was happened you need to be get away from without any problem.

LimLims

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Yeah the reasons mentioned by you are quite reasonable.
I mean it's really will helpful for someone new in this field of trading.
These are major reasons for which most of the traders or the people who faces losses.
We should all be warned about those and IMO we should always listen to ourselves.
I mean it's always pur money so why to trust other persons.
All the members should be careful to not make these mistakes.

iam_aayushiJ

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Customer Support at https://coinswitch.co/

Chasing someone else's dream is because I have lost funds, I think there are many more reasons, analysing cryptocurrency with technical analysis requires the project to be live for a significant amount of time. Sentiments play a very pivotal role in the prices. Catching up with latest announcements, and understanding the sentiment of market decides the price of a coin up to some extent.

I have learnt this lesson the hard way - do not invest the money which you can't afford to loose.

stomachgrowls

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Quote from: mirawantirinjana on April 25, 2019, 07:13:22 AM

being a holder is indeed not easy, not just saving coins for a long time, this is a risky action.
especially for holders who hold their tokens for a long time, for various reasons for product development or waiting for good news to boost the price of their coins.

Wont really be that easy yet the primary enemy of being a holder;

-Emotions (You must able to resist no matter what happen into the market as long you didnt able to hit up your target/You are prone to FUD)
-Project Potential (Not all projects do have that capability for long term-most of them do die along the way)

As an investor you should really be aware on the possibilities before you decide on putting up money.

Yamifoud

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Quote from: raghovsing34 on April 25, 2019, 11:57:09 AM

Loss and profits both are very common in crypto trading. If you are a holder and if you are holding top quality altcoins then you don’t need to worry about it. If you are holding shitcoins then obviously you will lose your funds in the future. So It's fully depends in our decision.

Not really a loss for us if you trade it into potential coins while it still have value in the market. You can only recover that losses in the other coins after traded, we need to sacrifice for that penny amount just to save for losing of the entire amount invested.
A lot of traders do this and they'll get succeed. Why not to try to see how it makes to us. Could we've be save or not?

raghovsing34

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Loss and profits both are very common in crypto trading. If you are a holder and if you are holding top quality altcoins then you don’t need to worry about it. If you are holding shitcoins then obviously you will lose your funds in the future. So It's fully depends in our decision.

agatha90

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Your advice is correct. All depends on the effort and self-confidence, choosing coins that have the potential for long-term investment.

petermike

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At appropriate times I believe it is reasonable for investors to keep their Altcoins because the price increase is very high. Therefore selling them can make you disappointed and regretful. I will Keep the Altcoins at this time.

Barbut

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Quote from: MiF on April 03, 2019, 05:36:26 PM

Quote from: Bagaji on April 03, 2019, 04:35:35 PM

Quote from: Catswold on October 13, 2018, 11:39:31 PM

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing

If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

I don't believe in some of the point you mentioned above as that to me is a miss leading of people into making looses in their trading.
I don't think there is any denger in holding Bitcoin or some other top altcoins since most of them react positively with Bitcoin market increase.

Better than that mate, we must expect more awesome results as we prefer holding a promising asset. It's really difficult to find the best of them, but even if we can't choose the best at least we got one of them. The only danger of being a hodler is that you bought at high price, but eventually went down of its price. We probably tend to panic after price fall down, due to fears that it won't recover it's value.

Only difficulty is to find investment, when you find it and invest only real danger is that project you invested in fail along the way. Lethargy, strategies, dreams and believes are unrealistic dangers, if you invested and you hold you don`t need to bother with your investment everyday, leave it alone and let it mature, for years. Holders shouldn`t be bothered with everyday or even monthly fluctuations, leave that to traders who are are active everyday, they are just making markets to work and thats a good thing for all of us.

mirawantirinjana

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being a holder is indeed not easy, not just saving coins for a long time, this is a risky action.
especially for holders who hold their tokens for a long time, for various reasons for product development or waiting for good news to boost the price of their coins.

Kelvinid

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win lambo...

Quote from: marketone on April 25, 2019, 05:27:54 AM

Holding coin is always good but we have understood and research about the coin which you are holding because even though now if you lose value and in the long term you might make a very good profit. So always find potential coin before investing in any coin.

As we did, but we take into consideration also that the market aren't behaving as of before and it is really different now. We can hardly speculate the market and even can't tell where we go for the next couple of years. Even though we are holding potential coins still we can't assured that we will become profitable for a year of holding.

marketone

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Holding coin is always good but we have understood and research about the coin which you are holding because even though now if you lose value and in the long term you might make a very good profit. So always find potential coin before investing in any coin.

DeathProxy

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World's First Crowd Owned Cryptocurrency Exchange

Holding a coin with anticipation it will go up when they have achieved the most important event in there roadmap,wouldn't be so profitable buy the news and sell the rumours. Some coin might be profitable for long term holding but most are good for swing trade

Ritrees

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Hodl or Trade: it all depends on the time (and price) you bought initially.
However, remember that doing nothing is actually trading all the time: you keep thinking and believing the idea that the price will go up and higher (eventually).
But ask yourself: if you think or are so sure that the price will go higher, why don't you know (or think) the price will or can go down too?
And if so, why would you keep hodling if you see it going down ?
Markets go in cycles, both short and longterm. Imho: hodling can be profitable, but you will miss a lot of opportunities between these cycles.

MiF

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Quote from: Bagaji on April 03, 2019, 04:35:35 PM

Quote from: Catswold on October 13, 2018, 11:39:31 PM

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing

If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

I don't believe in some of the point you mentioned above as that to me is a miss leading of people into making looses in their trading.
I don't think there is any denger in holding Bitcoin or some other top altcoins since most of them react positively with Bitcoin market increase.

Better than that mate, we must expect more awesome results as we prefer holding a promising asset. It's really difficult to find the best of them, but even if we can't choose the best at least we got one of them. The only danger of being a hodler is that you bought at high price, but eventually went down of its price. We probably tend to panic after price fall down, due to fears that it won't recover it's value.

Bagaji

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Quote from: Catswold on October 13, 2018, 11:39:31 PM

1. Lethargy during a sideways market
2. Disregarding your strategy
3. Chasing somebody else’s dream
4. Believing somebody else’s FUD
5. Using money that you shouldn’t be
6. Failing to properly do a self risk analysis before investing

If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages

I don't believe in some of the point you mentioned above as that to me is a miss leading of people into making looses in their trading.
I don't think there is any denger in holding Bitcoin or some other top altcoins since most of them react positively with Bitcoin market increase.

Topic: Dangers of a HODL’er: - page 4. (Read 1895 times)